The only questions are how much we participate, control the speed of the journey, or lead the way.

I'll be participating in my martial arts group's monthly event this Saturday, so I unfortunately won't be able to join.

If you do decide to purchase, I highly recommend you become involved with your HOA...attend the regular Board meetings, ask questions, understand your Governing Docs, join a committee; in short, participate.

Just to take it one step further, taxpayer will also have to meet the material participation requirements under IRC Sec 469 and related regs to use the loss from a short-term rental with substantial hotel-like services to offset W-2 income.

To the thread participants not from PA, namely Bob B. show this.

I am also not understanding how the 1st year is $-7 total annual income.Thanks in advance to any participation, just a new investor trying to learn.View report*This link comes directly from our calculators, based on information input by the member who posted.

You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-EZ for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.

Correct me if I’m wrong, but what I hear you saying is that if the investor is an active participant in the investment, then the project wouldn’t be classified as a security?

You need to "materially participate" in your real estate business.

I was also hoping to continue the journey of learning about REI and network with others that have our same passion for REI.If your group is looking for more members / participation, I would love to chat and listen in on the diverse experience from your group.Cheers!